photo credit: Central Texas Regional Mobility Authority
| Location | Austin, Texas |
|---|---|
| Project Sponsor / Borrower | Central Texas Regional Mobility Authority Texas Department of Transportation |
| Program Areas |
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| Mode | Toll Highway |
| Description | The 290 Toll Road (Manor Expressway) is a 6.2-mile toll facility in the eastern Austin, Texas metropolitan region, extending from US 183 in Austin to east of Parmer Lane in Manor, Texas where the road becomes toll-free US 290 and continues east toward Elgin and ultimately Houston. The toll facility upgraded the existing US 290, effectively tripling capacity by adding three tolled lanes in each direction, while preserving the three non-tolled, general purpose lanes in each direction. The 290 Toll Road links with the north-south US 183 and SH 130 (a Texas Department of Transportation [TxDOT] toll facility). The Central Texas Regional Mobility Authority (CTRMA), which is authorized under Texas law to implement and operate a wide range of transportation improvements in the Austin region, opened 290 Toll in May 2014 after constructing four tolled direct connector ramps between US 183 and what would become the 290 Toll mainlanes. Soon after opening, the new roadway experienced high demand leading to traffic congestion at the intersection of the westbound frontage roads of 290 Toll and the southbound SH 130 frontage roads. CTRMA initiated an interim intersection improvement project in 2015 to address the resulting mobility and safety issues. This included dual right turn lanes on the southbound SH 130 frontage road, a southbound through-lane on the frontage road, the extension of the merge of the sweeping right turn, an extra lane on the westbound entrance ramp to the 290 Toll mainlanes, and additional signage. The improvements opened to traffic in September 2016. CTRMA and TxDOT are now pursuing a more comprehensive solution to the 290 Toll/SH 130 interchange to provide drivers with free-flowing direct connections and to free up capacity on the frontage road intersection underneath the toll facilities. The 290/130 Flyovers project will add three direct connectors between the two toll roads, augmenting the single existing flyover connecting 290 Toll eastbound (EB) to SH 130 northbound (NB) currently operated by TxDOT. The three additional direct connectors are:
CTRMA and TxDOT will share the $127 million project cost and CTRMA will deliver the project via a traditional design-bid-build construction contract. CTRMA is financing its two direct connectors with a combination of toll revenue bonds and a TIFIA direct loan. TxDOT is using turnpike system revenue bonds to finance its direct connector. |
| Cost | $127 million (total project cost including construction contract, toll collection systems, construction oversight, inflation and contingencies)
$71.2 million (lump sum construction contract price)
Contingency
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| Funding Sources | SH 130 SB to 290 Toll WB and SH 130 NB to 290 Toll WB
290 Toll EB to SH 130 Toll SB
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| Project Delivery / Contract Method | Design-bid-build |
| Private Partner | None |
| Project Advisors / Consultants | CP&Y - Design Webber, LLC - Contractor To CTRMA (TIFIA, Series 2018 Senior Lien Revenue Bonds and Series 2018 Bond Anticipation Notes)
To USDOT Build America Bureau
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| Lenders | Bondholders, USDOT Build America Bureau (TIFIA) |
| Duration / Status | Contract executed with Webber October 4, 2018. Early construction activities began December 2018. Expected substantial completion June 2021. |
| TIFIA Credit Assistance | Direct Loan - $46.94 million The TIFIA loan will be repaid by toll revenues from the project as well as from four other projects developed by CTRMA: 183A (Phase I and II), 290E (Phase I and II), SH71, and 183S. Of these, the first three projects are operational and the fourth project (183S) is expected to begin revenue service around mid-2020. |
| Financial Status | TIFIA credit agreement was executed on March 21, 2019. CTRMA issued $44.3 million in Senior Lien Toll Revenue Bonds and $46.0 million in Bond Anticipation Notes in November 2018. |
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| Related Links / Articles | |
| Contacts | Bill Chapman Tucker Ferguson, PE |
